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that they need to do something about these large deficits immediately to make sure they don't harm growth. >> greece's case is a special one. they definitely need to do something on the fiscal front. imf has pushed the notion that greece needs debt restructuring. they're talking about whether there should be a delay. the imf has put on on the table informally that there needs to be a debt restructuring. i think you're overreading what they're putting into the uk story. when they did their review, they said if the economy slows down, you might have to change policy. well, what else would you do? sit on your hands and wait? in general they have been pretty consistent in favor of the tight fiscal loose monetary policy strategy. >> do you expect, does rbc, expect another restructuring? >> greece will definitely have on to do restructuring. the question is do they get one as part of a deal or do they take one. >> worth pointing out george will be joining us later on set. meanwhile, the ecc president draghi has been vowing to back the eurozone. he's announced proposals be put ford to deal with
countries getting on top of our debt problems. we have a credible plan to reduce our budget deficit that's delivering very low interest rates for us in the market at the moment. so that is the proof that there's international problems. >> the bae/eads merger, largest shareholder opposes the deal saying it would be better left as a stand alone company. >>> and angela merkel's first visit to athens since the eurozone crisis as finance ministers meet today in luxemburg. >>> very good morning to you. a new week on "worldwide exchange." and too late. if you haven't got your application in, it is too late. bank of england government job should have been in half an hour ago. so if you didn't make it, you're not going. jim o'neill wasn't applying, scott mcdonald wasn't applying either. i didn't get mine in. so never mind. stick here. also coming up, we'll be heading to new delhi to hear how undoing regulatory requirements could boost investments. details from one of the author of the quarterly cfo survey. and also president chavez is fig celebrating a hard-fought victory. if you have any thought
with the goldman sachs ceo lloyd blankfein plus the co-chairs of president obama's deficit commissionity, simpson and bowles. they'll discuss the fiscal issues. that's at 12:30 eastern on fast money halftime report. so don't miss that. >> and still to come here, christine lagarde has harsh words about austerity. we'll head back out to cadd ere cadre oig in tokyo after the break. kadri in tokyo after the . >>> christine lagarde calls for developed nations to do more to get their budgets in order while at the same time urging europe to give greece more time. >>> and central banks take action on slowing global growth. interest rates both cut by 25 basis points as the economies try to copy with waning demand. >> plus the states have been raised for today's debate between joe biden and paul ryan and new polls show the race for the white house has tightened. >> kelly and i might be wearing a dapper of red today. european stocks -- >> we didn't even plan it. we're just on the same wave length. >> stocks have a dash of green. not much, just a little. a welcome break if you're long in the markets after th
, look, here's our deficit, here's our goal, here's the period of time that we have in order to fix it. and here are the measures that have to be on the table, the ones we can agree on, those we disagree on, but we have to come out with a way to so that the bleeding. that means putting everything on the table. now, i oppose -- the fact is that there can be an agreement in my view that we would all have to make some sacrifices. but for me to say i would support this, i wouldn't support that, that's not the way you negotiate. >> but you're saying you won't put the mortgage tax deduction on the table. >> i wouldn't agree to it. but the fact is that there can be an agreement. >> didn't the debt ceiling negotiation show that there simply cannot be a coming to terms between republicans and democrats? each party has their own sacred house that they refuse to budge. >> the president has agreed and boehner had agreed to a certain amount of revenue increases. boehner went to to the white house and the president napded that there be another $500 billion worth of tax increases. the whole they thin
Search Results 0 to 3 of about 4